422

LAWS OF MARYLAND.

need demands, and a telegraph line and all necessary

Locate and

sidings, stations, switches, turnouts, and other devices

maintain

railroad.

between the following points, to wit; commencing at or

near the point where the Baltimore and Potomac Rail-

road crosses Beaver Run in Prince George's County, Mary-

land, near the northeast corner of the District of Columbia

and extending thence in a southeasterly direction through

the counties of Prince George's, Anne Arundel and Calvert

to the Chesapeake Bay at a place called " Chesapeake

Beach " and "Plum Point," with privilege of extending the

western end of said line to such point in the northerly line

of the District of Columbia as may be found necessary for

the future interest of the public and said corporation, and

with the further privilege of constructing such docks, piers,

bridges, and retaining walks along the bay shore as may be

necessary.

SEC. 5. The capital stock of the said Washington and

Capital
stock

Chesapeake Beach Railway Company shall be one million

dollars, divided into twenty thousand shares of fifty dollars

each. No certificate of stock shall be issued until the same

shall have been fully paid up.

SEC. 6. That the said company may buy, lease or con-

Depots.

struct such depots, ticket offices, workshops, engine houses,

warehouses and other structures at such points along its

said line of railway and the branches thereof as may be

required for the company's business. That it may receive

by deed of gift, purchase and hold such land as may be

necessary for its line aud terminal facilities, stations, yards

and other purposes along the line of its said railway, and

may also purchase, own, hold, sell, lease or otherwise dis-

pose of such lands and premises at the terminal at Chesa-

peak Bay as may be essential for the establishment at the

said terminal of a permanent seaside resort, not exceeding

in the aggregate three thousand acres.

SEC. 7. That at the annual meeting of the stockholders,

Statement
of affairs

the president and directors, in office for the preceding year,

shall exhibit to the stockholders a clear and distinct state-

ment of the affairs of said company ; that at any called

meeting of the stockholders a majority of them present, in

value, may require similar statements from the directors,

whose duty it shall be to furnish them when thus required,

and at all general meetings of the stockholders, a majority

in value of all the stockholders of the company, may remove

from office, the president or any of the directors of the com-

pany and elect others in their stead.

SEC. 8. That if at any time the capital stock of the said

company shall be found to be insufficient for the purposes of